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Remitly

Welcome to the News View for "Remitly".

Here, on these archive pages, you'll find all of the articles on Payments News for Remitly listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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April 26, 2016

Headline News from PaymentsNews.com - April 26, 2016

ON THE WEB

  • Alibaba Affiliate Ant Financial Raises $4.5 Billion in Largest Private Tech Funding Round - Wall St. Journal - "Ant Financial, which operates Alipay, China’s biggest online-payments platform by transaction volume, raised its latest funding round from a clutch of investors including a Chinese sovereign-wealth fund and the country’s biggest insurers..."
  • A look inside Stripe’s API platform - Medium (Gordon Wintry) - "For this edition, I spoke with Cristina Cordova from Stripe. She shared how the company approaches partnerships to help grow the platform."
  • W3C Publishes First Public Working Drafts of Payment Specifications - "The W3C Web Payments Working Group has published the first public drafts of payment specifications which include a Payment Request API, payment method identifiers, and basic card payment."
  • All About Fraud: How Crooks Get the CVV - Krebs on Security - "A longtime reader recently asked: “How do online fraudsters get the 3-digit card verification value (CVV or CVV2) code printed on the back of customer cards if merchants are forbidden from storing this information?"
  • Canadian Fintech comes to Menlo Park on May 9. They'll be pitching their ideas and participating in a discussion of the environment for Fintech here and in Canada. Sign up here with BayPay.

ON THE WIRES

  • Pitney Bowes Launches Cloud-Based Payments Engine for Shipping and eCommerce Platforms - "By leveraging the Pitney Bowes Bank, an FDIC insured institution charted in Utah, the company is able to provide uniform payments products, lending terms and interest rates in the U.S."
  • International Telecommunication Union to discuss deliverables for future digital financial services roadmap - Speaking ahead of the event, Sacha Polverini, Chairman of the Focus Group and Senior Programme Officer of the Bill & Melinda Gates Foundation’s Financial Services for the Poor (FSP) programme said: “The work we are doing is incredibly important. It is the first time ITU has partnered with international organizations like the World Bank, CGAP (Consultative Group to Assist the Poor), GSMA (Groupe Speciale Mobile Association), AFI (Alliance for Financial Inclusion) and others to initiate a forum like this.”
  • U.S. Bank Launches New Pilot App for Local Businesses in Lawrence, Kansas - "U.S. Bank has launched Deal Local, a new mobile app designed to help local businesses attract new customers and build loyalty with their existing customers through deals and rewards. Exclusive to Lawrence as a pilot, the app is live in the Apple and Google Play app stores and is already being used by Mass St. favorites Weaver’s, Milton’s Café and Hobbs, among others."
  • Global Payments Completes Merger with Heartland Payment Systems - “We are delighted to announce the completion of this landmark transaction,” said Jeffrey S. Sloan, Chief Executive Officer of Global Payments. “The transformative partnership with Heartland will further accelerate revenue growth, operating margin expansion and cash earnings per share growth and create the leading provider of integrated payments technology solutions worldwide.”
  • Remitly Secures $38.5 Million in Series C Funding - "Stripes Group led this round and was joined by Vulcan Capital, both new investors in Remitly. Existing Remitly investors also contributed to the round including DFJ, DN Capital, Bezos Expeditions and Trilogy Equity Partners, among others."
  • Rising payment fraud in UK overwhelming merchants with misunderstood chargebacks - "The figures from Financial Fraud Action UK reveal that financial fraud losses grew by 26% in 2015. The research further highlights the growth in payment card fraud, up 18% over the same period to £567.5m and the value of card-not-present (CNP) fraud, including ecommerce, which was up 20% to £398.2m."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in May - both in Palo Alto, CA - we hope to see you there!

Bring your colleagues along! Group discounts are available. For more information or to learn about our private workshops conducted at your location, contact Glenbrook's Russ Jones.

UPDATES FROM GLENBROOK

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 12, 2016

Headline News from PaymentsNews.com - January 12, 2016

ON THE WEB

ON THE WIRES

  • Wells Fargo Launches Third Propel American Express Card - “In 2014, we launched our first two Propel American Express Cards as part of our goal to earn more of our customers’ business,” said Beverly Anderson, head of Consumer Financial Services for Wells Fargo. “Since then, we have heard from our customers that they like the Propel 365 Card and Propel World Card but wanted us to find a way to offer a card with similar features without paying an annual fee – so that’s what we did.”
  • More Leading Merchants Choose Visa Checkout to Increase Online and Mobile Sales - "Starbucks, Walgreens, NFL Shop, HSN and Match are among the new merchants taking advantage of Visa Checkout’s ability to deliver seamless digital payments. Walmart.com will also begin supporting Visa Checkout this year."
  • Introducing Uber Trip Experiences - "During the holidays, we completed our billionth trip. Added together that’s a lot of time riders spend in an Uber. Which got us thinking … what if developers could also offer users of their apps new ways to enjoy themselves — or get stuff done — while they’re on the road?"
  • FreedomPay Expands Global Products and Services on Microsoft Azure - "With this collaboration, FreedomPay offers end-to-end protection for credit card payments made through FreedomPay’s Commerce Platform, which is supported by Azure. The FreedomPay Commerce Platform is the world’s first PCI-Validated P2PE payments solution with EMV, NFC, DCC and real-time data capabilities that can deliver on a global scale."
  • Remitly Approaches $1 Billion in Annualized Mobile Money Transfers as Company Continues Rapid Growth - "Remitly offers money transfers from the United States to the Philippines, India and Mexico, which alone account for more than 35 percent of all remittances originating in the United States. The company will continue to take a customer-focused approach by focusing on the largest markets as it expands globally."
  • Network International to launch cashless, cardless and mobile-free payment solution - "The next generation solution, led by Dubai Smart Government (DSG) and developed by Quisk, will be deployed by Network International across its points of sale (POS) merchant network in the United Arab Emirates in 2016, enabling people to conduct payment transactions without the use of cash, cards or their mobile phones."

EVENTS

  • Payments in Portland (OR) - Join us Thursday, January 28th from 5:30-7:30 PM to hang out with your colleagues and competitors to discuss all things payments! We'll have appetizers, Oregon beer and wine. For the first time, Payments in Portland is including a short topical briefing - this month on "B2B Payments - Promise and Problems." If you have a Portland payments presence and something to say on B2B payments, let us know! RSVP HERE!

UPDATES FROM GLENBROOK

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 19, 2015

Headline News from PaymentsNews.com - March 19, 2015

On the Web:

On the Wires:

  • American Express Announces New Co-Brand Relationship with Charles Schwab - “We look forward to working closely with Charles Schwab to develop a strong value proposition for the new cards,” said Josh Silverman, president of Consumer Products & Services for American Express. “The partnership is designed to generate positive economics over time for our shareholders, and allow our mutual customers to benefit from a relationship with two leading financial services brands.”
  • GlobeOne partners with InvestaBank and Bankaool to bring new mobile banking network to Mexico - “Only 45% of the population in Mexico has a bank account, which is why this partnership is an exciting development for Mexican consumers,” said Michael Wolper, GlobeOne member and Chief Marketing Officer. “Through GlobeOne’s growing global network, consumers will have access to the basic financial services necessary to build a strong financial future, and banks will have a new platform to serve the many digitally connected Mexican consumers who do not participate in the traditional, brick-and-mortar banking system.”

Glenbrook's 2015 Payments Education Update!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 04, 2015

Headline News from PaymentsNews.com - February 4, 2015

On the Web:

On the Wires:

  • Wells Fargo Customers Can Now Redeem Credit Card Rewards at ATMs - “Customers live their lives on-the-go and being able to conveniently and simply access their accounts and rewards when and how they want is important,” said Alicia Moore, head of Wells Fargo ATM Banking. “We are always looking for ways to add innovative features and benefits to our ATM network, which gives customers access to their money and accounts 24 hours a day, 365 days a year. By providing customers the ability to redeem rewards for cash or account credit directly at the ATM, we’ve made it more convenient for them to feel truly rewarded for doing business with Wells Fargo.”
  • Consumers Can Now Use Their BECU, Fifth Third, First Niagra and Hungtington MasterCard with Apple Pay - "MasterCard cardholders with a consumer credit or debit card from BECU, Fifth Third, First Niagara and Huntington National Bank now have access to easier, more secure everyday payments through Apple Pay."
  • First Tech Federal Credit Union Selects MasterCard for Member Payment Solutions - “MasterCard offers our members the very best in card payment solutions that will enable them to better manage their financial transactions with First Tech while also providing additional security,” said Greg Mitchell, chief executive officer of First Tech Federal Credit Union.
  • First Data Receives Data Security Approval from UK Information Commissioner’s Office - “We are committed to setting the industry standard for superior data privacy protection,” said Cindy Armine-Klein, Chief Control Officer at First Data. “By conforming to the strict data privacy standards set forth by the EU, we can offer our clients the peace of mind that comes with knowing they have a trusted partner managing their data.”
  • Four More PSCU Credit Unions Enable Members to Use Apple Pay - "PSCU announced today that Visa cardholders with consumer debit and credit cards from Altra Federal Credit Union (Onalaska, WI), Andrews Federal Credit Union (Suitland, MD), and Wescom Credit Union (Pasadena, CA); and members with credit cards from BECU (Tukwila, WA) now have access to Apple Pay..."
  • Remitly Expands to India - "Remitly’s coverage in India spans a network of over 120 banks and their branches. Instant direct deposit is available for many banks year-round, 24/7, including ICICI, Yes Bank, and PNB. Four-hour deposit is available during regular Indian banking hours for all other banks."

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 03, 2015

Headline News from PaymentsNews.com - February 3, 2015

On the Web:

On the Wires:

  • Digital River Expands Relationship with American Express to Enhance Payment Services in Mexico - “We know from experience managing more than $30 billion in annual online transactions that consumers are more apt to buy when convenient and familiar payment options are available to them,” said Souheil Badran, Digital River’s senior vice president and general manager of Digital River World Payments. “Adding these services in Mexico will help us further expand our existing relationship with American Express and strengthen our international payments offering.”
  • Jumio Unveils New ID Scan Image Capturing Technology in Latest Version of Netverify - "The new release features a brand new ID image capturing technology, which allows users to position their ID any which way within their camera view. This enhanced template matching capability automatically detects the ID edges, rotates, and accurately crops it in the frame, regardless of the angle at which the user is holding the ID."
  • PEX Visa Prepaid Card and Tallie Launch Integrated Expense Management Solution - “The core value proposition of the PEX Visa Prepaid Card service is that it eases the burden companies place on their employees and accounting departments to cover expense outlays,” said Chris Farrell, CEO of Tallie. “PEX Card allows companies to issue prepaid corporate cards to all employees without the same risks of issuing traditional corporate cards or the accounting labor associated with cash advances."

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 07, 2014

Headline News from PaymentsNews.com - January 7, 2014

Next Glenbrook Payments Boot Camps: Feb 4-5 in Palo Alto, CA; March 18-19 in New York City. Alternatively, you can request a private Payments Workshop held on-site at your location.

On the Web:

  • Explain Bitcoin Like I’m Five - Medium (nikSter) - "We didn’t need a third person there to help us make the transfer. We didn’t need to pull in Uncle Tommy (who’s a famous judge) to sit with us on the bench and confirm that the apple went from me to you."
  • Bitcoin Series 15 - The discontinuity that is bitcoin - Ledra Capital - "Bitcoin is like that. It won't replace the financial system, the Fed or the nation-state. It will supplement the financial system in a big and important way, push it to be more innovative and efficient and, finally, will merge with it, in the same way that IP delivery has crept into telephony and video infrastructure over time."
  • German Central Bank Official Issues Another Bitcoin Warning - CoinDesk - "He stressed that regulators and central bankers across Europe are discussing bitcoin and trying to raise public awareness, but so far no concrete action has been taken, apart from public warnings."
  • Bitcoin me: How to make your own digital currency - Guardian - "It turns out, though, that cloning bitcoin is actually harder than it looks."
  • Bezos-backed money transfer startup Remitly lands $5.5M - GeekWire - "A TechStars Seattle grad formerly known as BeamIt Mobile, Remitly has created a cheaper and faster method for individuals to send money across borders."
  • 8 Retail Predictions in “Store” for 2014 - VeriFone Blog - "As it is the start of the year we thought we would have a look at some of the issues that will be impacting retail stores in 2014 and try and predict some of the trends and challenges we’ll see along the way as retailers respond."

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

October 09, 2013

Headline News from PaymentsNews.com - October 9, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join us for our new series of Glenbrook Payments Boot Camps October 23rd/24th in New York City!
  • Glenbrook's Allen Weinberg and Erin McCune will be at Money2020 in Las Vegas October 6-10 - please reach out to them directly to catch up in person or set up a briefing at the conference. Erin will be moderating an Invoicing, Billing & Collections panel with Bill.com CEO Rene Lacerte, Billtrust CEO Flint Lane and Billhighway Chairman Vince Thomas.
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer".
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!
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